Canopy Growth’s New Marijuana Deal Is a Winner for Constellation Brands

Last week, Canadian pot producer Canopy Growth agreed to buy U.S. seller Acreage Holdings once cannabis becomes legal under U.S. federal law. More than 30 states have legalized marijuana under their laws, but it’s still federally prohibited.

So what does the Acreage deal mean for Canopy Growth’s 38% owner—the beer and wine seller Constellation Brands (ticker: STZ)?

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.